Litecoin (LTC) Price Down 4.1% Over Last Week

Litecoin (LTC) traded 0.4% lower against the U.S. dollar during the one day period ending at 21:00 PM E.T. on May 6th. Over the last week, Litecoin has traded down 4.1% against the U.S. dollar. Litecoin has a total market cap of $6.03 billion and $400.33 million worth of Litecoin was traded on exchanges in the last day. One Litecoin coin can now be bought for $80.97 or 0.00127477 BTC on cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed over the last day:

• Dogecoin (DOGE) traded down 3.3% against the dollar and now trades at $0.16 or 0.00000247 BTC.
• UNUS SED LEO (LEO) traded down 0.3% against the dollar and now trades at $5.82 or 0.00009157 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• MegaCoin (MEC) traded 2.2% lower against the dollar and now trades at $4.30 or 0.00015776 BTC.
• DEI (DEI) traded down 1.6% against the dollar and now trades at $0.0189 or 0.00000030 BTC.
• Polymath (POLY) traded down 10.6% against the dollar and now trades at $0.0825 or 0.00000130 BTC.
• Lotto (LOTTO) traded down 2.1% against the dollar and now trades at $0.0005 or 0.00000002 BTC.
• EAC (EAC) traded flat against the dollar and now trades at $0.0011 or 0.00000004 BTC.

Litecoin Coin Profile

LTC is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. Its launch date was October 13th, 2011. Litecoin’s total supply is 84,000,000 coins and its circulating supply is 74,501,944 coins. The official message board for Litecoin is litecointalk.io. Litecoin’s official website is litecoin.org. The Reddit community for Litecoin is https://reddit.com/r/litecoin and the currency’s Github account can be viewed here. Litecoin’s official Twitter account is @litecoin and its Facebook page is accessible here.

According to CryptoCompare, “Litecoin (LTC) is a digital currency designed for fast, low-cost payments over the internet. Created by Charlie Lee in 2011 as an alternative to Bitcoin, it offers improved transaction times and a higher maximum supply, using a different algorithm (scrypt) for mining. Litecoin facilitates peer-to-peer transactions without a central authority, making it suitable for a wide range of financial activities, from everyday purchases to trading and investment. Its creation by a former Google engineer aimed to address and improve upon some of Bitcoin’s limitations, establishing Litecoin as a practical complement to Bitcoin in the digital currency ecosystem.”

Buying and Selling Litecoin

Investors seeking to acquire Litecoin using U.S. dollars directly can do so using GDAX, Gemini or Changelly.

LTC/USD price chart by TradingView